When is the Next Crypto Bull Run? | CryptoCasino

The fear of the economy literally crashing down has had a significant impact on the cryptocurrency market. Amidst those fears, the likes of Bitcoin and Solana have experienced a significant slide-down.

Nonetheless, the market is beginning to look up these past few days and possibly Bitcoin might be on its way up again.

It is essential to understand the market and situations that could possibly influence the next crypto bull run. This understanding helps to time investments, analyse risks, and manage them. In this review, we will examine the question – when is the next crypto bull run? Let's go

What is a Crypto Bull Run?

A crypto bull run is when digital assets gain 20% to 40% rise in value for a day or two. Investors, at this time, had high hopes for the crypto market. Likewise, the media coverage at this time is often immense, disseminating the prospects of crypto as the future of finance far and wide.

The term 'Bull Run' simply denotes a bull in attack mode with its horns placed in an upward fashion. To get a bull run started, investors buy securities, which means buying ownership for a price. So, the idea is that crypto assets will maintain their rise, at least for a while. Truthfully, the crypto bull run will 'run' for as long as demand exceeds supply.

The first bull run ever was for Bitcoin in 2011. This year saw Bitcoin rise to a $1 value for the very first time. Before the year ran out, Bitcoin peaked at $32. This year restored the belief of investors in the prospects of cryptocurrency. Today, that belief is worth over $45,000.

Bitcoin experienced its first massive bull run between 2013 and 2015. It grew in value from around $13 to $1100.

Ethereum went from $10 in January, 2017, to a significant $1400. The launch of decentralised applications (dApps) on the network facilitated the run. There was plenty of hype and media coverage around Ethereum, contributing to the rise.

Bitcoin's 2020/2021 run took it to an all-time value of around $69,000 in late 2021. In the months between late 2020 and 2021, cryptocurrencies gained popularity. The adoption of Bitcoin also rose within industries.

The year 2023 was for Bitcoin recovery, leading up to a strong finish at a value of $42,283. Also, there was a 155.57% increase in annual return. Bitcoin's start to 2024 was from a strong position. We may witness a 'crypto bull run 2024' soon.

Factors Influencing the Next Bull Run

The top question among crypto experts in 2024 is – when is the next cryptobull run?

In this section, we will be discussing factors that may cause the 'crypto bull run 2024' we have all been waiting for. See the list below for more explanation:

1. Investor's confidence : With increased belief in the prospects of crypto assets by investors, the next bull run might be warming up. This new sentiment may convince other investors to invest, thus driving up the price of digital assets.
2. New and improved Blockchain innovations : New Blockchain-related technology developments may become mainstream news, thereby driving up renewed interest. These cultivate extra positivity and may trigger a crypto bull run.
3. Market psychology : Positive news being passed around via mainstream media often has a significant impact on the market. Positivity drives up investor's confidence leading to more demand, thus bolstering market value.
4. Crypto's wide acceptance : The adoption of crypto assets by financial industries, among others, will increase the chance of a crypto bull run. PayPal buying digital assets in 2021 significantly contributed to the 2020/2021 Bitcoin rise in value.
5. Global regulations and economics : A regulatory change around cryptocurrencies will be major mainstream news. If the change is positive, investors will come running. Changes in monetary policies and impending inflation increase the adoption of cryptocurrency. Hence, there is an increased likelihood of a cryptocurrency bull run.

Predicting the Next Bull Run

The factors from our last article section briefly describe signs that an investor or expert may use in making a crypto bull run prediction. However, we will highlight a couple of clear indicators of a bull run being around the corner below:

• On-chain metrics : These Blockchain-sourced metrics provide a deep and transparent insight into market activities. On-chain metrics can be key in making a crypto bull run prediction by helping investors gauge the temperament of the market.
• Trading volume and liquidity : An increased trading volume shows more interest from investors. The higher the demand for cryptocurrencies, the more likely there is to be increased asset values, hence a bull run.
• Market sentiment and social media trends : A sudden change in how the crypto community speaks about cryptocurrencies may be a key indicator. A crypto bull run prediction hinges on positivity within the community and on mainstream media.

Strategies for Investors

Investors' actions, confidence, and positivity contribute significantly to the possibility of the advent of a crypto bull run. Experts and investors deploy different strategies to get ahead. These tactics include the following:

1. Staying informed : Keeping abreast of market sentiments is a necessity in making near-correct crypto bull run predictions. Investors may explore expert opinions and indicators like crypto fear and greed index.
2. Diversifying investments : Intelligent investors would not direct all their efforts in one direction. In fact, they would explore different crypto networks in the market to minimise risks and maximise returns.
3. Relying only on reliable sources for information : Good investors would not take just any information seriously unless they vet the source to be reliable. Even at that, they would research projects, uncover their strengths, and judge their prospects.

Conclusion

Many factors contribute to the possibility of a next crypto bull run. Many factors and key indicators may answer the question – when is the next crypto bull run? A serious investor adopts different strategies, as in the last section, to make a crypto bull run prediction. With these tactics, investors can secure their investments and also maximise returns.

This blog is for informational purposes only and does not constitute financial or investment advice. Please gamble responsibly and ensure compliance with the laws in your jurisdiction.